Posted On: 09/15/2015 11:19:58 PM
Post# of 11038
Another reason for the Authorized Shares (AS) increase could very well be a bear trap. MMs see the increment in AS and short like crazy (naked short) expecting a flood of new shares and price goes down.
CRGP uses the opportunity to buy back shares at lower prices, typical shares or air shares (naked). With a merger, the naked ones have to be covered and paid to whoever has them.
The expected new shares never came.
CRGP uses the opportunity to buy back shares at lower prices, typical shares or air shares (naked). With a merger, the naked ones have to be covered and paid to whoever has them.
The expected new shares never came.
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IMHO
Always, always do you own DD. Only invest funds you can afford to lose and trust nobody but yourself.
Always, always do you own DD. Only invest funds you can afford to lose and trust nobody but yourself.
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